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Facts
The assessee, J.K. Credit And Finance Ltd., filed an appeal before the ITAT against an order of the National Faceless Appeal Centre (NFAC) for the assessment year 2018-19. During the hearing, the assessee's counsel requested to withdraw the appeal, stating that the grievance had been addressed by the CIT(Appeals) through rectification of the order.
Held
The Income Tax Appellate Tribunal noted the assessee's request for withdrawal and the Departmental Representative's lack of objection. Consequently, the tribunal dismissed the assessee's appeal as withdrawn.
Key Issues
Whether an appeal can be withdrawn before the ITAT when the assessee's grievance has been addressed by the CIT(Appeals) through rectification of the order.
Sections Cited
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Income Tax Appellate Tribunal, DELHI BENCH “C”: NEW DELHI
Before: SHRI KUL BHARAT & SHRI AVDHESH KUMAR MISHRA
O R D E R PER KUL BHARAT, JM:
This appeal, by the assessee, is directed against the order of the National Faceless Appeal Centre (NFAC), Delhi, dated 26.12.2023, pertaining to the assessment year 2018-19.
At the outset it is stated by the learned counsel for the assessee that under the instructions of the assessee he seeks to withdraw the appeal. He further contends
CIT(Appeals) by rectifying the order.
Learned Departmental Representative has no objection. Therefore, in view of the statement made at bar, appeal of assessee is dismissed as withdrawn.
Assessee’s appeal is dismissed as withdrawn.
Order pronounced in open court on 01.08.2024.